ATFX Broker Review

Author By Jeffrey Cammack
Updated: February 25, 2022
Overall Rating
3.79 3.79 / 5
Rated #45 of 66 Recommended Brokers
🏦  Min. DepositUSD 500
🛡️  Regulated By
💵  Trading Cost 
USD 10
⚖️  Max. Leverage30:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 
AlertNo longer accepts UK retail Clients. Average spread EUR/USD 1.00 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 platform support. ATFX Group is regulated by the FCA, FSA (St. Vincent), CySEC, and the FSC. 74.07% of traders lose money with this provider.
Last updated on 25 Feb 2022
by Editorial Director Jeffrey Cammack
Jeffrey Cammack

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Our verdict on ATFX

ATFX has taken the decision to cease providing services to retail clients with immediate effect. It is, therefore, unable to accept any applications. We recommend looking at eToro and XTB as alternatives.

A well-regulated STP broker, ATFX was founded in 2017 in London and has expanded rapidly over the last few years.  Offering trading on multiple assets including Forex, indices, commodities, and shares, ATFX has three live accounts, including a commission-based Premium account.  Spreads are tight on all accounts, but minimum deposits are higher than industry-average, starting at 500 USD.  ATFX also allows all trading strategies, including hedging, scalping, and copy-trading, but it only offers trading on the MT4 platform.     

ATFX offers an excellent education section in addition to world-class market analysis materials provided by the globally renowned Trading Central.  Deposits and withdrawals are free, and ATFX offers a free VPS service to traders with higher-tier accounts types. 

🏦  Min. DepositUSD 500
🛡️  Regulated By
💵  Trading Cost 
USD USD 10
⚖️  Max. Leverage30:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 

Overall Summary

Regulation
111104/ 5
Trading Conditions
110.5002.5/ 5
Trading Platforms
111104/ 5
Deposit & Withdrawal
11110.54.5/ 5
Education & Research
111115/ 5
Assets Available
11110.54.5/ 5
Customer Service
111003/ 5
Beginner Friendly
Excellent
Welcome Bonus

Account Information

Base Currencies
USD, EUR, GBP
Number of FX Pairs
42
Crypto Pairs
4
Copy Trading
Hedging Allowed
Scalping Allowed
Islamic Acct

Trading Conditions

Account Name
Trading Desk
Commission
Fees Included in Spread
EUR/USD
1.00 pips
GBP/USD
1.10 pips
USD/JPY
1.00 pips
Negative Balance Protection

Company Details

Company Name
AT Global Markets Limited
Founded
2015
Website
Website Language
English
Support Language
English
Office Locations
United Kingdom

Pros

  • Well regulated
  • Wide range of assets
  • Copy trading accounts
  • Good range of accounts

Cons

  • MT4 only
  • High minimum deposit

Is ATFX Safe?

ATFX is a relatively new CFD broker, founded in London in 2017, but has expanded rapidly in recent years, winning widespread recognition from traders and its industry peers.

ATFX’ subsidiary companies are regulated by a number of different national authorities depending on your location:

  • AT Global Markets LLC is a Limited Liability Company in Saint Vincent and the Grenadines with company number 333 LLC 2020.
  • AT Global Markets (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom with registration number 760555.
  • ATFX Global Markets (CY) Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 285/15.
  • AT Global Markets Intl Ltd is authorized and regulated by the Mauritius Financial Services Commission with license number C118023331.

The company’s subsidiary in the UAE, AT Capital Markets, briefly held a licence from the Abu Dhabi Financial Services Regulatory Authority (FSRA), but this was suspended and the company fined in December 2019 after it was found that the company had been conducting regulated activities before it was granted permission to do so. AT Capital Market’s CEO has since resigned from the company.

Since its inception in 2017, ATFX has won numerous awards including FX Broker of the Year, UK (The European Business Awards 2018), Best Forex CFD Broker (UK Forex Awards 2018), Most Transparent Broker (World Forex Awards 2019) and Best Online Trading Services (ADVFN International Financial Awards 2020).

All ATFX customers, no matter their location, benefit from segregated accounts. In the unlikely event of ATFX insolvency, segregated client funds cannot be used for reimbursement to ATFX creditors.

Overall, we would say that ATFX are a safe broker. It seems the licencing issue with the UAE authorities was an exceptional circumstance and regulatory oversight from the UK’s Financial Conduct Authority means that ATFX must maintain the highest standards of financial propriety.

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Group Regulators
Trading Desk
Website
Year Founded
Office Locations
Inactivity Fee
FCA
FSA-St-Vincent
CySEC
FSC
STP
2015
United Kingdom
No

ATFX Trading Conditions

ATFX is an STP broker, offering high-speed market execution. Because orders are executed on the market, spreads are variable and will depend on liquidity and volatility.

ATFX offers three account types with different trading conditions and deposit requirements. Spreads are relatively tight and, like most brokers, get tighter on the accounts with larger minimum deposits.  

Account Types

ATFX has three separate accounts types, the Standard, Edge and Raw. While all the accounts offer leverage up to 30:1 and a maximum trade size of 20 lots, they have radically different minimum deposits and spreads.

ATFK Account Types

Standard Account: The Standard Account is ATFX’ smallest account, requiring a minimum deposit of  500 USD. Spreads start at 1.0 pips and a dedicated account manager is provided.

Classic Account: The Edge Account requires a minimum deposit of 5000 USD and spreads start 0.6 pips. Like the Standard Account, a dedicated account manager is provided, along with a free VPS service and Trading Central.

Premium Account: The Premium Account is a commission-based account, providing access to raw spreads from as low as 0 pips. This account requires a minimum deposit of 10,000 USD and commission is charged at 5 USD per lot (2.5 USD per lot, per side). You will also have access to a dedicated Premium Account manager, free VPS and Trading Central.

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Account Types
Min. Deposit
Max. Leverage
Min. Spread
Commission
Edge
USD 5000
30:1
0.60
Spread Only
Account Details
Premium
USD 10000
30:1
0
50 USD / lot
Account Details
Professional
USD 5000
400:1
0.60
Spread Only
Account Details
Standard
USD 500
30:1
1
Spread Only
Account Details

Spreads and Commission

As mentioned above, spreads are relatively tight at ATFX. Though ATFX does not publish average spreads, the minimum spreads are published for each account. On the Standard Account, minimum spreads on the EUR/USD start at 1 pip and the AUD/USD at 1.1 pips.

Commission is charged only on the Premium Account and stands at 5 USD round turn per lot.

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Broker
Trading Conditions
Base Currencies
EURUSD (Standard)
Trading Cost (Standard)
EURUSD (Best)
GBPUSD (Best)
USDJPY (Best)
Commission
ATFX
110.5002.5/ 5
USD, EUR, GBP
1.00 pips
USD 10
1.00 pips
1.10 pips
1.00 pips
USD 0
XTB
11110.54.5/ 5
USD
1.40 pips
USD 14
0.80 pips
2.20 pips
1.40 pips
USD 0
eToro
111104/ 5
USD
1.00 pips
USD 10
1.00 pips
2.00 pips
1.00 pips
USD 0

Deposit and Withdrawal

ATFX allows deposits and withdrawals in USD, EUR or GBP and charges no fees for any withdrawal over 100 USD. In the case of bank transfers, your bank may charge you for transfers. Like most brokers, withdrawals can only be made by the same method as the original deposit.

Deposit and withdrawal methods include:

  • Visa/Mastercard: Free deposits and withdrawals. Deposits are processed within 30 min, but withdrawals can take 2-5 days.
  • Neteller/Skrill: Free deposits and withdrawals. Deposits are processed within 30 min, but withdrawals can take up to 2 days.
  • Bank Transfer: Free deposits and withdrawals, though your bank may charge you. Both deposits and withdrawals can take between 3-5 business days.

ATFX for Beginners

ATFX has invested heavily in a comprehensive set of resources for beginner traders. Its education section is well-structured, thorough, and genuinely useful for new traders. Market analysis is also present, though most of the analysis is provided by Trading Central, though this is not really a complaint as Trading Central is probably one of the best providers of market analysis in the world.

ATFX Education

Educational Material

ATFX’s educational material can be found in its dedicated Forex Education Center. Here you will find Introduction Courses, In-depth Courses, and wide range of eBooks.

Introduction Courses: A selection of 6 courses covering Metatrader tutorials, an introduction to global economics and an overview of social trading. More impressive is the library of 28 videos providing a clear and concise introduction to Forex trading.

In-depth Courses: Once you have grasped the basics of the Forex market, this selection of courses is perfect for continuing your education. The cryptocurrency market, trading tools and trading strategies are all covered here.

ebooks: A small library of 14 short eBooks. A range of topics is covered here for those who want a deeper understanding of the topics covered in the courses. Topics include technical analysis, advanced strategies, trading psychology and capital management.

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Broker
Beginner Course
Advanced Course
ATFX
XTB
eToro

Analysis Material

ATFX has partnered with Trading Central, the world’s best market analysis resource. The technical strategies and professional data provided by Trading Central covers Forex, precious metals, commodities, and indices from sources such as Bloomberg, Thomson Reuters, and Dow Jones. ATFX also hosts video clips of Trading Central analysis, these are updated on an hourly basis.

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Broker
Autochartist
Trading Central
Trading View
ATFX
XTB
eToro

While all ATFX account holders will have access to Trading Central, only those with Classic, Premium and Raw Account will get full access to Trading Central’s signals library.

ATFX also publishes its own quarterly market outlook, which is available to all visitors just by registering your email address.

Customer Support

Customer Support is available 24/7 via phone, email, and live chat. ATFX does not have a local support team or office in South Africa so the best method of contacting customer support would be via email or live chat.

ATFX Trading Platforms

Currently, ATFX only supports MetaTrader 4 (MT4). The MT4 trading platform is the most widely used Forex trading platform and can also be used to trade other instruments like commodities, cryptocurrency, stock index, and stock CFDs. Though it is now showing its age, MT4 is still popular for its auto trading features that enable algorithmic trading and strategy backtesting with expert advisors (trading robots).

MT4 comes preloaded with over 30 technical indicators while giving traders access to 9 different timeframes and several chart types. A lightweight platform, MT4 has enhanced trading speed, while remaining robust and stable on all systems and even over slower internet connections.

MT4 is available as a desktop download and as a web platform, running in browser. ATFX will also support the MT4 Android and iOS apps, for those who wish to trade on the move.

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Broker
Platform Choice
Copy Trading
Platforms
ATFX
111104/ 5
XTB
111104/ 5
xStation5
eToro
111104/ 5
etoro

ATFX Trading Tools

As mentioned above, ATFX has partnered with Trading Central for market analysis, this includes providing traders with Trading Central’s MT4 Analysis indicators. In addition, all ATFX customers gain access to AutoChartist, a powerful pattern recognition tool that monitors all markets to find the best trading opportunities based on real-time technical analysis.

ATFX Trading Central

Trading Central

ATFX traders with a Premium Account will get free access to the new Trading Central MT4 Analysis Indicators. This new MT4 trading indicator has been intricately created to make trading easier, intuitive, and more accessible than ever before.

  • Receive consistent up-to-date information from analysts you can trust
  • Information can be viewed in multiple languages, catering to traders globally
  • Stay informed with commentary and analytical forecasts
  • Fill order based on Trading Central levels

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Broker
Autochartist
Trading Central
Trading View
ATFX
XTB
eToro
 

Evaluation Method

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the ATFX offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

Risk Statement

Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients. ATFX would like you to know that: Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.12% of retail investor accounts lose money when trading CFDs / Spread betting with this provider. You should consider whether you understand how CFDs / Spread betting work and whether you can afford to take the high risk of losing your money.

Overview

ATFX is a relatively new broker, but they have invested heavily in making a solid trading platform. Education and market analysis are strong and spreads are relatively tight compared to other brokers of a similar type, though only the MT4 trading platform is supported. While it is always great to see free deposits and withdrawals, we would also like to see more account types with lower minimum deposits. As it stands, most beginners would be restricted to the Standard Account. It is also a shame that the minimum deposit on the commission-based Premium Account puts it out of reach of most traders.

AlertNo longer accepts UK retail Clients. Average spread EUR/USD 1.00 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 platform support. ATFX Group is regulated by the FCA, FSA (St. Vincent), CySEC, and the FSC. 74.07% of traders lose money with this provider.
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